DoorDash Makes $3.6 Billion Offer For Deliveroo

DoorDash has sent a proposal to buy the British meal delivery company Deliveroo for $3.6 billion. 'The current offer marks the first formal approach since the last report in the summer,' notes Reuters. From the report: The deal is expected to face no regulatory hurdles, as it provides DoorDash access to 10 new markets where it currently has no presence, creating a highly complementary footprint - other competitors might encounter more antitrust issues, the source said. Last year, Reuters reported DoorDash had shown interest in a takeover of Deliveroo, but a source said talks ended after disagreements on valuation.

A deal between the two firms would help DoorDash solidify its footprint in Europe, after the U.S. meal delivery group's 2021 purchase of Finland-based rival Wolt Enterprises in an all-stock deal valued at about $8 billion.

Read more of this story at Slashdot.